Category: Investor’s Corner

Capstone Mining Corp. today announced its financial results for the three and six months ended June 30, 2011. Net earnings for the quarter were $15.5 million and cash flow from operating activities was $29.7 million. Capstone ended the quarter with cash on hand of $506.6 million and no long-term debt. Copper production for the quarter at Capstone’s two operating mines, Cozamin and Minto, totalled 20.5 million pounds of payable copper at an estimated total cash cost1 of $1.31 per payable pound.

Zaruma Resources Inc., (TSXV-ZMR), (the “Company” or “Zaruma”) is pleased to announce the appointment of Keith R. Hulley as a new member of the Board of Directors and Chairman of the Company’s Operating Committee, and J. Robert McNair as the Chief Operating Officer of the Company. The appointments are subject to the approval of the TSX Venture Exchange.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 11, 2011) – GREAT PANTHER SILVER LIMITED (TSX:GPR)(NYSE Amex:GPL) (the “Company”) announces the financial results for the Company’s quarter ended June 30, 2011. This is the first financial year where the Company has prepared its consolidated interim unaudited financial statements using International Financial Reporting Standards (“IFRS”). The full version of the financial statements and management’s discussion and analysis can be viewed on the Company’s web site at www.greatpanther.com or on SEDAR at www.sedar.com.

Timmins Gold Corp. (TSE:TMM) reported Thursday preliminary production results for its fiscal first quarter, with gold sales rising 59% year-over-year.

Primero Mining Corp. (“Primero” or the “Company”) (TSX: P) is pleased to announce that its common shares have been authorized for listing on the New York Stock Exchange (NYSE). The Company anticipates its common shares will begin trading on the NYSE on Monday, August 15, 2011, under the trading symbol “PPP”. The Company will retain its listing on the Toronto Stock Exchange (TSX) in Canada under the trading symbol “P”.

Operating Cash Flow Increases 247%, Net Free Cash Flow Increases 261% and Record Margins of 75%

Corex Gold Corp. is pleased to announce it has increased the previously announced (July 14, 2011) private placement up to $1,000,000 (3,333,333 units at $0.30 per unit (the “Financing”), and has closed on 3,931,332 units at a price of $0.30 per unit, (“Unit”) for aggregate gross proceeds of CDN $1,179,400. Each Unit consists of one common share and one half of one share purchase warrant (the “Warrant”), each whole Warrant exercisable by the holder to acquire one additional common share at a price of $0.45 for 12 months from Closing. The Warrants are subject to an accelerated expiry which comes into effect once the shares trade above a weighted average price of $0.50 for any twenty consecutive trading-day period, subsequent to four months from Closing. In the event of an accelerated expiry, the expiry date will be the earlier of the regular two year expiry date and 30 days from the date the Company advises the placees of the accelerated expiry.

VANCOUVER, BRITISH COLUMBIA, Aug 11, 2011 (MARKETWIRE via COMTEX) — Galore Resources Inc. is pleased to announce the appointment of Mr. Terry Brown, B. Sc. Geology as the Company’s Vice President Exploration and NI 43-101 Qualified Person. Mr. Brown has more than 25 years experience in exploration, development and mining in North and South America. Mr. Brown has spent most of his career working in Mexico, is a member of the AIPG and is a Certified Professional Geologist.

Primero Mining Corp. today reported financial and operational results for the second quarter ended June 30, 2011. The Company earned net income of $3.9 million ($0.04 per share) based on production of 27,600 gold equivalent ounces(1) at a total cash cost(2) of $586 per gold equivalent ounce or $190 per gold ounce on a by-product basis.

TORONTO, Aug. 9, 2011 /CNW/ – Zaruma Resources Inc., (TSXV: ZMR), (the “Company” or “Zaruma”) today reported that TSX Venture Exchange had accepted for filing documentation regarding the recently completed US$25 million equity financing resulting in the issue of 488,649,998 common shares of the Company and the same number of warrants permitting the holders to purchase one common share per warrant for C$0.10 for a period of two years. Also accepted for filing was the issue of 21,500,600 shares and warrants in exchange for the cancellation of all agreements between the Company and Glencore International AG and certain of its affiliates.